Thanks to Trump’s trade war on China, the US is about to experience a massive sample of just what a new, very large consumption tax will taste like. The result is sure to be a significant tax-based lifting of sticker prices across a huge range of goods.

The recent US trade retaliation against China is similar to that against Japan in the 1970s and 1980s. Japan’s economy was badly hit after the large appreciation of the Japanese yen as part of the measures to resolve the bilateral trade imbalance

Many analysts are looking at the disaggregated July US imports from China because changes in the July importation figure of the affected items are the first tangible data points of how the Chinese exports to the US have been affected.

The China-Japan Maritime and Airspace Liaison Mechanism, activated on June 8, 2018, is a crisis management mechanism established by the defense departments of both countries to prevent friction or conflict in their frontline forces of the sea and air.

While addressing the opening of the Forum of China Africa Cooperation, Chinese President Xi Jinping sought to allay fears of not just African countries, but other countries which are part of the Belt and Road Initiative.

In the past few months, US-China relations have sunk to a state somewhere between frosty and hostile. This marks a major change since President Trump visited China in November 2017. There are several reasons for this.

The US decision to cancel USD 300 million in military aid on September 1, 2018, just four days before Pompeo’s visit, came in for heavy criticism from sections of the Pakistan media as well as the political class.

Vostok-18 is the largest military exercise hosted by Moscow since the 1980s. It involves a massive 300,000 troops and 1,000 aircraft joined by 3,200 soldiers from China’s People’s Liberation Army armed with 900 military equipment and 30 helicopters.